HBL Engineering Contracts Details
HBL Engineering Limited, formerly known as HBL Power Systems Limited, has disclosed significant updates under Regulation 30 of the Securities and Exchange Board of India (SEBI) Listing Regulations, 2015. The company has received two Letters of Acceptance for the provision of KAVACH systems (version 4.0) in key railway sections, amounting to a total contract value of ₹499.68 crores.
The first contract, valued at ₹244.68 crores, pertains to the installation of KAVACH systems in the Viramgam-Rajkot-Okha section of the Rajkot Division under Western Railway. The second contract, worth ₹255.00 crores, involves similar work in the Dholpur-Bina section of the Jhansi Division under North Central Railway. Both contracts have been awarded to the HBL-Shivakriti Consortium, with HBL serving as the lead member.
As per the disclosure, these contracts have been awarded to domestic entities, and the completion timeline for the projects is 730 days and 700 days from the appointed date, respectively. The company also confirmed that the contracts do not involve any related party transactions, and none of its promoters have any vested interest in them.
These developments mark a significant step for HBL Engineering Limited in advancing railway safety infrastructure in India. The KAVACH system, an advanced train protection system, plays a crucial role in enhancing operational efficiency and reducing railway accidents. The company’s involvement in such large-scale projects underscores its expertise and growing presence in the railway signaling and safety solutions sector.
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HBL Engineering Share Price
HBL Engine (HBLENGINE) is currently trading at ₹474.00 on the NSE, reflecting a 1.83% increase. The stock has experienced a day’s range between a low of ₹463.00 and a high of ₹479.00. It opened at ₹467.00, slightly above the previous closing price of ₹465.45. The movement suggests moderate volatility, with the stock trading near its intraday high.
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